Pending Multi-Family MLS# 26055977

321 Madison Avenue SE

Grand Rapids, MI 49503

$465,000

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Listing Office

Officemichigan-regional-information-center-llc-rsd logoGrand River Realty
AgentPete J Bruinsma

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About 321 Madison Avenue SE

This well-positioned, affordable Heritage Hill triplex pairs recent updates with an exceptional location near downtown Grand Rapids, the Wealthy Street corridor, and Cherry Street's shops and restaurants. Currently owner-occupied, the main residence features original millwork, oak floor, fireplace, large airy living room, formal dining, 1.5 bathrooms, and a recently refinished front room with inviting views of beautiful Madison Avenue. Two upstairs apartments—a studio with a walk-up attic and a one-bedroom—are home to long-term tenants and generate combined rental income of over $2,000 per month. The basement's exceptionally tall ceilings offer potential for a workshop or creative space, while the backyard provides room for recreation and a deep concrete parking pad. Its hilltop setting offers an open view of the sky, perfect for watching sunsets and storms roll in. A bus stop and shared scooter access at the end of the street add convenient transportation options to Downtown & Uptown.

Property details

Property

Type
2 to 4 Units
MLS type
Multi Family Home
Status
Pending
Year built
1880
Lot
0.1744
Original price
$465,000
MLS #
26055977

Interior

Features
Full
Heating
Forced Air, Wall Furnace
Cooling
Window Unit(s)
Laundry
Common Area, Laundry Room

Exterior & lot

Features
Parking spaces: 3
Construction
Stone, Wood Siding
Roof
Composition
Parking
Paved

Schools

District
Grand Rapids Public Schools

Utilities

Utilities
Public Sewer, Public Water, Cable Connected, Natural Gas Connected, Phone Connected, Electricity Connected, Cable Available, Electricity Available, Natural Gas Available, Storm Sewer, Phone Available
Water
Public Water
Sewer
Public Sewer

Financial

Financial
Michigan Regional Information Center (MichRIC), Private Owned
Annual tax
$9,046
Tax year
2025
Parcel
41-14-30-381-045
Legal
LOT 32 & E 1/2 OF VACATED ALLEY ADJ ON W* WELTON S ADDITION

Location

County
Kent
Neighborhood
Heritage Hill
Community
Grand Rapids
Directions
Madison SE, between Wealthy and Cherry.

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Listing information is provided by the participating MLS / IDX program and is deemed reliable but not guaranteed. All information should be independently verified. Equal Housing Opportunity.